BananaRepublic
Full Member
- Jan 7, 2024
- 322
- 170
Give it to a foreign company and they take 50%.
Give it a Bangladesh company and you keep 100%.
Give it to foreign company and you get 30%.
Give it to Bangladeshi company and you get 0%!
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Give it to a foreign company and they take 50%.
Give it a Bangladesh company and you keep 100%.
Bangladesh is a relatively newer formed country created by sediment, but the coastal areas are as old as the neighboring countries.
Playing devil's advocate I think it would be better if a decent amount of oil and gas at a time is found in BD, that gives just enough for a period to time to allow extremely cheap electricity generation and reduction of imports of oil and LNG to save precious forex.
Any "substantial" finds will probably be squandered and distort the BD economy and stop its development.
What would be nice now would be to find an oil field of a few billion barrels to stop any requirement for oil imports for 15-20 years.